Stamos Capital Partbers reacquired its stakes from Merrill Lynch & Co and its two other partners. Stamos Capital Partners conducted a management buyout of the stakes held by its two partners and Merrill Lynch & Co.
Commercial banks
Morgan Stanley's CFO reiterates ROE goals
With an average of USD6 billion revenues on 10% cost on equity, Morgan Stanley's CFO said the business is doing good.
Commerzbank to pass ECB stress tests
The increase in Commerzbank's overall financial value would help in passing tests conducted by the European Central Bank.
Regulators review instant messages of 'The Cartel'
Named 'The Cartel', US regulators are reviewing how these individuals comprising the group may have influenced or attempted to manipulate the market.
BBVA sells off shareholdings in CITIC Bank
In a move to comply with local regulations as well as economic slowdown in China, BBVA would be able to sell off some of its shares in CITIC.
Latest News
Capitol Bancorp has signed an agreement with Talmer Bancorp for the sale of the common stock of Capitol's consolidated entities.
Danske Bank dismissed its Head of Treasury Steen Blaafalk. According to a Bloomberg report, Danish lender Danske Bank had fired its Head of Treasury Steen Blaafalk.
The American retail banking unit of the Royal Bank of Scotland would be worth more if sold, according to a Wall Street banker.
In a statement, Credit Suisse said it found no evidence of foreign market manipulation. In an interview published Sunday, Credit Suisse said it discovered no evidence of foreign market manipulation.
After delisting the HVB shares in 2008, Unicredit is relisting its German units shareholders. Unicredit is studying to list a minority stake in its German unit, HVB.
Japan, stretched to the limit because of the increase in foreign exchange funds, is studying to have the private sector manage the funds.
Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.
Deutsche Bank co-CEO Anshu Jain and JP Morgan CEO Jamie Dimon join chorus on US government breaking gridlock on budget and debt ceiling.
Co-CEO Anshu Jain of Deutsche Bank said investigations of wrongdoing further eroding public trust in financial markets.
